Alphabet (GOOGL) Gains Momentum in AI Search and Cloud; BMO Ups Price Target to $294

Core Insights - Alphabet Inc. (NASDAQ: GOOGL) is recognized as a leading AI stock, with BMO upgrading its price target from $225 to $294 per share, citing strong performance in Search, Cloud, and YouTube platforms [1] - The company's AI leadership is enhancing its core Search and Google Cloud Platform (GCP), with significant user engagement in AI features, including over 100 million monthly active users in AI Mode within the first two months [2] - The integration of AI in Search is impacting publishers by reducing organic traffic, prompting a shift towards paid advertising, which could benefit GOOGL and the broader advertising sector [2] Company Performance - GOOGL's AI integrations and product launches are driving incremental user value, indicating a robust growth trajectory in its core business areas [2] - GCP is positioned for market share gains, supported by AI product integrations and increasing AI-native workloads [2] Market Context - The current landscape suggests that while GOOGL is a strong investment, there are other AI stocks with potentially greater upside and lower risk [3]